Сross-rate signals: EUR/JPY remains under pressure

In the face of continuing concerns about the euro area and the risks caused by the mixed dynamics of European stock exchanges, the single currency remains under pressure with respect to safe haven assets.

The signal of entry for sale on the EUR/JPY pair is the price fixation below the level of 131.40, which in the end will open the way for sellers to support levels: 130.80 and 130.30. Also, do not exclude the possibility of a repeat test of the resistance level of 131.80-90, from which the repulsion is possible.

Fig. EUR/JPY H4. The current price is 131.40.

Hanzenko Anton